McChip Resources Inc. engages in the natural resource industry in Canada. The company invests in petroleum interests, direct in interests, and indirect in minerals, such as marketable securities and investment in other companies. It also holds interests in the Saskatchewan Potash project located in the province of Saskatchewan. The company was formerly known as Madsen Red Lake Gold Mines Limited and changed its name to McChip Resources Inc. in May 1981. McChip Resources Inc. was incorporated in 1935 and is based in Toronto, Canada.
Research context
McChip Resources Inc appears in PyInvesting’s TSX Venture Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- CAD
- Sector
- Energy
- Industry
- Oil & Gas E&P
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5 years, 6 months ago
McChip Resources Inc is currently in a long term uptrend where the price is trading 56.2% above its 200 day moving average.
From a valuation standpoint, the stock is 99.5% cheaper than other stocks from the Energy sector with a price to sales ratio of 2.2.
McChip Resources Inc's total revenue rose by 219.2% to $139K since the same quarter in the previous year.
Its net income has increased by 101.1% to $3K since the same quarter in the previous year.
Finally, its free cash flow grew by 141.0% to $7K since the same quarter in the previous year.
Based on the above factors, McChip Resources Inc gets an overall score of 5/5.